CICC’s second “loosening” of the stock index futures trading market in February 2017 and September 2017. As the stock market stabilized, the stock index futures market has a good outlook, which has also led some wait-and-see capitalists to gradually join the stock index. The army of futures trading, but the market also requires futures investors, and also sets the transaction threshold:
Futures investor suitability system
The investor suitability system is a feature of the China Securities Regulatory Commission and China Financial Futures Exchange in combination with the stock index futures market. It requires futures companies to understand their customers, objectively and comprehensively measure their risk appetite and risk tolerance, and provide appropriate products to appropriate investments in accordance with A system established by the “principal” principle is designed to effectively protect the legitimate rights and interests of investors, promote the normal functioning of the stock index futures market, and realize the smooth operation of the market. Establishing a stock index futures investor suitability system. Futures companies can effectively assess market participants’ awareness, acceptance and risk tolerance of stock index futures products, strictly control the source of risks, avoid unprepared investors from entering the market, and reduce blindness. The unexpected loss brought by the market entry is a necessary measure to protect the legitimate rights and interests of investors. It is an important guarantee for the stable operation and healthy development of the stock index futures market. reflect.
Trading threshold for stock index futures
According to the rules of CICC, the appropriateness standards of stock index futures investors are divided into natural person and legal person investor standards.
The natural person investor suitability criteria include the following:
The first is the funding threshold requirement. When the stock index futures account is opened, the balance of available funds in the margin account is not less than RMB 500,000.
The second is to have basic knowledge of stock index futures and pass relevant tests; investors need to pass the stock index futures knowledge test with a passing score of 80 points.
Third, the stock index futures simulation trading experience or commodity futures trading experience requirements, customers must have at least 10 trading days, more than 20 stock index futures simulation transaction transaction records or at least 10 commodity futures transaction records in the last three years. The futures company will also evaluate the investor’s comprehensive situation, with a passing score of 70 points.
The legality of corporate investor suitability requires requirements from the financial position, business personnel, and internal control system, and it is combined with regulatory authorities to regulate the admission policies of special corporate investors such as fund management companies and securities companies.
Neither natural person investors nor legal person investors can have significant bad faith records, and there are no laws, regulations, rules, or exchange business rules that prohibit or restrict the practice of stock index futures trading.
Only futures investment talents who meet the above conditions can trade in the futures trading market, not for everyone. With the increase of investors, the complexity of the market has also increased, and there are many large customers who control the situation at critical moments. As the saying goes, “wealth and wealth are sought”, the high risk and high return of the stock market are destined to be its charm!